Gold Spot / U.S. Dollar
Long
Updated

XAUUSD trading at strong resistance level, poised for breakout..

πŸ“ˆ XAUUSD (Gold) Price Forecast πŸ“ˆ

Gold is currently trading at a strong resistance level, which aligns with a supply zone and an order block. The market is poised for a potential breakout, supported by a strong bullish trend.

Key indicators confirm the bullish momentum:
- Golden crossover of the 200 EMA and 50 EMA, signaling an upward trend.
- Volume increasing on the buying side, indicating strong buyer dominance.
- If the resistance level at 2720 is broken with a strong bullish candle, Gold is expected to rally toward higher target levels.

🎯 Technical Target Levels:
- 2747
- 2788


πŸ“Œ Key Highlights:
- Strong bullish trend confirmed by moving averages and volume.
- Golden crossover of 200 EMA and 50 EMA supports upward momentum.
- Watch for a breakout above 2720 for confirmation of further upside.
βœ… Trade Smart!

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Trade active
snapshot
Market Insight:
XAUUSD has successfully broken out of the supply zone with a strong bullish candle, indicating a continuation of the upward momentum. This breakout presents an excellent opportunity to enter trades from a good entry level as we aim for our target zone. πŸš€

Action Plan:
πŸ“Œ Wait for a slight retracement or a consolidation near the breakout level for an optimal entry.
πŸ“Œ Enter trades with proper risk management, and aim for the next key resistance levels.
πŸ“Œ Keep tracking price action to confirm strength.

Let’s ride this momentum to secure profitsβ€”stay sharp! 🎯πŸ”₯
Note
snapshot
It's on retracement level there is order block for bullish trend...
Note
snapshot
Formed bullish confirmation candle on OB..

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